Key Highlights
- (NASDAQ:GSAT) on December 16 with a $62 price target and a Hold rating.
- The bank’s study addresses Globalstar’s place in the satellite communication (satcom) industry, highlighting the company’s deliberate shift from direct competition with providers like as Inmarsat and Iridium to transforming into a major capacity supplier as Apple’s direct-to-device (D2D) network operator.
- Following the Echostar and SpaceX arrangement, Globalstar’s spectrum gained “material” strategic worth, according to Deutsche Bank, which helped the stock more than double in the last three months.
- Additionally, in order to support its third-generation mobile satellite services throughout Central and South America, Globalstar, Inc.
- (NASDAQ:GSAT) stated more than a month ago that it will be adding eight new six-meter C-3 tracking antennas to its ground stations throughout Brazil.
